COMSATS University Islamabad

Department of Computer Science

Entrepreneurship
BS(SE) – Section 8A

Assignment 1

Submitted by:
Fizza Ali FA20-BSE-023
Huzaifa Ali FA20-BSE-033
M. Adeel FA20-BSE-046
M. Ishaq FA20-BSE-052

Submitted To:
Dr. Shehla Zaman

Submission Date:
February 28, 2024
Write Success Case of entrepreneur...
The assignment should have 4 parts:
1. Early life
2. Education
3. Career
4. Turning point as an entrepreneur
5.Achievements

Early Life:
Porsche GmbH was founded by Ferdinand Porsche and his son-in-law Anton Piëch. Ferdinand
Porsche, born on September 3, 1875, in Maffersdorf, Austria-Hungary (now part of the Czech
Republic), showed an early interest in mechanical engineering. He attended the Imperial
Technical University in Vienna, where he studied electrical engineering but later shifted his
focus to automotive engineering.
Ferdinand Porsche gained valuable experience working for various automotive companies,
including Austro-Daimler and Mercedes-Benz. His engineering prowess was demonstrated in the
development of innovative designs, such as the Mercedes-Benz SSK, one of the most iconic
sports cars of its time.
In 1931, Ferdinand Porsche established his own consulting firm, Porsche GmbH, in Stuttgart,
Germany. The company initially provided automotive engineering services to other
manufacturers. Notably, Porsche played a significant role in the design and development of the
Volkswagen Beetle, commissioned by the German government under the leadership of Adolf
Hitler.

Education:
Ferdinand Porsche's education in mechanical engineering laid the foundation for his illustrious
career in the automotive industry. At the Imperial Technical University in Vienna, he received a
comprehensive understanding of mechanical principles, materials science, and design concepts,
which he later applied to his work in automotive engineering.
While formal education provided Ferdinand Porsche with essential theoretical knowledge, his
practical experience working for automotive companies allowed him to further refine his skills
and expertise. His hands-on approach to engineering and problem-solving would become
hallmarks of his career as an automotive entrepreneur.
Career:
Ferdinand Porsche's career spanned several decades and encompassed various roles within the
automotive industry. He began his career at Austro-Daimler, where he gained recognition for his
contributions to the development of high-performance vehicles. Porsche's innovative designs
caught the attention of industry leaders, leading to his appointment as Technical Director at
Mercedes-Benz in the 1920s.
In 1931, Ferdinand Porsche founded Porsche GmbH in Stuttgart, Germany. Initially, the
company focused on automotive consulting and development work, collaborating with
manufacturers such as Auto Union and NSU. Porsche's expertise in automotive engineering soon
led to the development of the Volkswagen Beetle, a groundbreaking project that showcased his
engineering prowess and laid the foundation for Porsche's future success.
The introduction of the Porsche 356 in 1948 marked the company's entry into automotive
manufacturing. The 356, based on the Beetle's platform, was a lightweight, rear-engine sports car
that garnered critical acclaim for its performance and handling. This success paved the way for
the iconic Porsche 911, introduced in 1963, which would become the company's flagship model
and a symbol of automotive excellence.

Turning Point as an Entrepreneur:

A pivotal moment for Porsche GmbH came with the introduction of the Porsche 911. The
decision to develop a successor to the Porsche 356 was not without its challenges, as it required
Porsche to innovate and push the boundaries of automotive design. The result was the Porsche
911, a groundbreaking sports car that combined performance, style, and engineering excellence
in a way that captured the hearts of enthusiasts worldwide.
The Porsche 911's enduring popularity and success transformed Porsche GmbH from a niche
manufacturer into a global automotive powerhouse. Its distinctive design, rear-engine layout, and
exceptional performance set it apart from competitors and established Porsche as a leader in the
sports car market.

Achievements:
Porsche GmbH has achieved numerous milestones and accolades throughout its history. The
company's success in motorsport is particularly noteworthy, with victories in iconic events such
as the 24 Hours of Le Mans, the Monte Carlo Rally, and the FIA World Endurance
Championship. These achievements not only showcased Porsche's engineering prowess but also
demonstrated the company's commitment to pushing the boundaries of automotive performance.
In addition to its motorsport successes, Porsche has received numerous awards for its automotive
design, engineering, and innovation. The Porsche 911, in particular, has been consistently
praised for its timeless design and exceptional driving dynamics. Over the years, Porsche has
continued to innovate and evolve, introducing new models such as the Porsche Boxster, Porsche
Cayman, Porsche Panamera, and Porsche Macan, each contributing to the company's legacy of
excellence in automotive engineering.